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Tax law changes are less than 30 days away. One crucial area involves large non-charitable gifts and gift taxes. If your client plans to give more than $1 million this year, the maximum gift tax rate is 35 percent. Next year it will jump up to 55 percent.

Basically, 20 cents more on the dollar will go to Uncle Sam.

And there are other options to consider, such as giving a family member a fractional share in a vacation house. Other options include Grantor-Retained Annuity Trusts and intra-family loans.

But the only way these tactics can save your client money is if the transactions are complete by Dec. 31.

Learn more in my free year-end update. Get the free 770KB PDF by filling the short form at right.

Janet Brewer specializes in thorough, knowledgeable estate planning for clients in the Palo Alto area and abroad. Download our free alert now, or call (650) 325-8276 today.

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